The following week we expected to be a trending week but again turned out to be a volatile week with daily range of Nifty of almost 100 points. We have march Expiry,Weekly and Monthly closing in the coming week which make in interesting both in term of data analysis and trading.
Lets see how technical are looking for the coming week.
 
Nifty Hourly Chart

Hourly charts all gaps are filled till 5200 and 50 SMA@5307  proving a resistance for the current upmove which started on Friday.Close above 5320 will make the trend bullish …

The much anticipated downward correction materialized during the week gone by.Nifty corrected after 7 weeks of breath taking rally which was surprise for most of market participants.
Nifty is approaching monthly closing in next 3 days which will be keenly watch.
Nifty Hourly Chart
On Hourly chart Nifty was able to fill 2 gaps as shown in above charts still 4 more gaps needs to be filled.

1 Gap :4641-4676
2 Gap:4744-4772
3 Gap:4879-4905
4 Gap:4947-4991
5  Gap:5416-5460 — Filled
6  Gap5521-5545– Filled

Keep watch on above levels as Gap provides an excellent trading opportunities. Hourly charts are approaching a …

Nifty was up by 0.8% last week. Tepid Industrial Productivity (IIP) number at 1.8% in December as compared to November was a Shocker along with a revised GDP outlook of 6.9% as against 8.4% in the previous year were the reasons of rally spoilers for the last week.India’s trade deficit too has soared to uncomfortable levels of US$ 14.7 bn.
On International Front Greece drama was and will be in Limelight for the following week,Eurozone dismisses Greek budget deal and  holding back the Bailout fund setting 15 Feb as the …

Nifty was  down 3.8% during the week after the government lowered the full year Gross Domestic Product (GDP) growth target below 8% worst in past 4 years also acknowledged that meeting the fiscal target would also prove to be a challenge and it will get to atleast 5.4% instead of 4.5%.
The deepening debt crisis in Europe and the lack of solution thereof, rising inflation and slowdown in growth in India and policy paralysis in the government have spooked stock markets and contributed to the increasing volatility.
We have slew of economic …